September 2017
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Latest - PENSIONS

  • Transfers from pensions with both DB and DC elements

    4 September 2017

    Steve Bailey of ATEB Consulting offers some pointers for paraplanners advising on schemes with both DB and DC sections Some DB schemes may have a defined contribution (DC) section running alongside the DB arrangement. In such cases, it is important to ascertain whether the DC arrangement is established as a separate registered pension scheme...

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  • Potential UK State Pension issues for UK citizens working in EU post Brexit

    30 August 2017

    Aegon has highlighted how important successful Brexit negotiations could be for those who have worked elsewhere in the EU for long periods, and so don’t have the 10 years of UK National Insurance contributions which would give them pro-rata entitlement to a UK pension. The assurer cites new research briefing in the House of Commons...

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  • Canada Life Group to acquire Retirement Advantage

    29 August 2017

    Canada Life Group has reached an agreement to acquire Retirement Advantage. The transaction, terms of which were not disclosed, is expected to close in the fourth quarter of 2017. Retirement Advantage has roots dating back to 1852. In 2015, the business rebranded and started trading as Retirement Advantage following the merging of the retirement income and...

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  • Real life case study: Property in SIPP

    24 August 2017

    Elaine Turtle, Director, DP Pensions, describes a situation where a client’s proposed property purchase for his SIPP was hit by a legislative snag and how it was finally resolved. Some time ago we had a situation on a property case that you don’t see very often. An adviser we know well, Joe, came to us with...

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  • Pensions cold calling ban welcomed but more urgency needed to implement it

    24 August 2017

    The Department for Work and Pensions and HM Treasury has confirmed in the Pension Scams: Consultation Response that the government will be proceeding with a ban on cold calling. However, no clear timetable was announced which has led to calls for more urgency from government to get the ban in place. Guy Opperman, minister for pensions...

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  • Helping clients visualise pension transfer risks and rewards – cashflow over stochastic modelling

    22 August 2017

    Julie Lord, director of Prestwood and chief executive of Magenta FP, says she shares the FCA’s concerns around simple use of stochastic modelling when advising on DB transfers. It requires a more rounded approach, she argues. In its recent consultation paper on pensions transfers – CP17/16 – the FCA expressed concerns about consumers’ ability to...

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  • Technical: Passing wealth down the generations

    21 August 2017

    Fiona Tait, technical director, Intelligent Pensions looks at the ways that paraplanners can help baby boomer clients pass on their wealth tax efficiently. A key issue for financial planning is how to help baby boomer clients pass on their wealth to their descendants without giving the majority away in taxes. There are a number...

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  • 500 sign up to new CII pension transfer certificate in first week  

    21 August 2017

    There has been huge initial demand for the Chartered Insurance Institute’s (CII) newly launched pension transfers qualification, with over 500 personal finance professionals having signed up to it in the first week of enrolment. The qualification was created following the Financial Conduct Authority’s (FCA) proposals to tighten the advice requirements for the transfer of...

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